Xi Jinping willing to work with Kim Jong Un for regional and global peace: KCNA

Chinese President Xi Jinping in a letter to his North Korean counterpart has expressed willingness for both countries to work together for regional and global peace, according to Korean Central News Agency (KCNA).  The message from Xi comes in the backdrop of Pyongyang launching missiles left, right and centre. Last week, it launched an intercontinental […]

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Pakistan among the first seven countries to receive climate funding under ‘Global Shield’ initiative by G7

On Monday, the Group of Seven leading economies launched an initiative called the “Global Shield” at the United Nations’ COP27 climate summit which will provide immediate funding to the countries when they are hit by the devastating impact of climate change.  Coordinated by the G7 president nation Germany, it will provide rapid access to funds […]

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Global warming slowly devastating Boreal forest a.k.a. Earth’s second lung

Burning, drifting, and being devoured by insects, Canada’s Boreal forest is shrinking and climate change is to blame. Second only to the South American Amazon forest, the Boreal forest is vital to ensuring the future of planet Earth, reports AFP. The forest which encircles the arctic and stretches across Canada, Scandinavia, Russia and Alaska has in recent […]

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US-China trade rivalry poses high-risk to global economy: IMF

International Monetary Fund (IMF) Managing Director Kristalina Georgieva in a recent interview said the US-China trade rivalry, which started during the Donald Trump reign posed a high risk to the global economy.  “We may be sleepwalking into a world that is poorer and less secure as a result,” said Georgieva. Citing her example of living […]

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Global food import costs may near record $2 trillion, hurting world’s poorest

The food import costs are on course to hit a near $2 trillion record in 2022. The United Nations Food Agency said on Friday that the growing imports are piling pressure on the world’s poorest countries with weak economic forecasts and high debt-to-GDP ratio. World food prices soared to record levels in March after the […]

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COP27: UN chief announces global early warning system ‘that can save thousands, if not millions, of lives’

Every year the frequency of climate-related extreme weather is increasing, however, half of the world’s nations still lack sophisticated early warning systems that could save lives. Attempting to overcome this shortfall, the UN on Monday unveiled a five-year proposal to develop a global early warning system for expensive and deadly extreme weather events. The system […]

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ILO: Global employment growth will ‘deteriorate significantly’ in Q4 of 2022

On Monday, the International Labour Organisation (ILO) in the 10th edition of its monitoring report on the World of Work said that global employment growth will “deteriorate significantly” in the upcoming quarter of 2022. The report has attributed this fall to the economic turmoil caused by the Russian invasion of Ukraine as well as the […]

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